SZSE Major Events and Milestones from 1990-2020(Condensed Version)

 

1990

p  On 1st December, SZSE started operation.

 

1991

p  On 20 March, the computer-assisted trading system developed by SZSE was put into operation. The system provided transaction processing, quotation display, clearing and distribution functions which greatly increased trading efficiency. Quotes transmission network was installed.

p  On 3rd April, SZSE launched its first stock index, which took 3rd April as the base day with a base of 100 points. 

p  On 1st November, Yantian Port Key Construction Bond became the first bond listed on SZSE.

 

1992

p  On 25 February, SZSE put into use the computer-automated order-matching and bidding system, thus making a shift from manual bidding to automatic matching.

p  On 28 February, China Southern Glass Co., Ltd. floated both A-shares and B-shares on SZSE. It was the first company to float B-shares on SZSE.

p  On 6th October, SZSE released B-share Index which closed the day at 140.9060 points.

 

1993

p  On 3rd January, SZSE put into use its new trading floor which increased the number of trading seats from the previous 32 to 210 and daily matching capacity from the previous 20,000 deals per day to 60,000 deals per day.

p  On 13 April, SZSE stock quotes were transmitted through satellite. It was the first time in China to use satellite communication technology to transmit market data. 

p  On 20 June, China Securities Regulatory Commission (CSRC), Hong Kong Securities and Futures Commission (SFC), Stock Exchange of Hong Kong (SEHK), Shanghai Stock Exchange (SSE) and SZSE signed the Memorandum of Regulatory Cooperation in Beijing.

p  On 20 August, SZSE granted B-share special seats to eight overseas licensed brokers, of which five conducted B-share trading on the same day.

p  On 30 September, China Bao’an Group Co., Ltd. Shanghai Branch and its affiliate announced that they held more than 5% of the outstanding ordinary shares of Yanzhong Industrial, a company listed SSE, setting a precedent for Chinese enterprises to conduct M&A activities through the securities market.

p  By 31 December, SZSE had 77 listed companies located in 17 provinces, autonomous regions and municipalities throughout China. SZSE had emerged as a national securities market.

 

1994

p  On 18 March, five T-bond spot products were listed, which marked the inception of Shenzhen T-bond cash market.

p  On 30 August, Shenzhen securities satellite communication two-way network was launched, which softened the chronic bottleneck in poor remote communications that had plagued Shenzhen securities market.

p  On 8th September, SZSE launched OTC T-bond repo business.

p  On 12 September, SZSE launched T-bond futures trading business. The first group included 20 futures products in five series and became an integral part of a complete T-bond market which covered spot, repo and futures.

 

1995

p  On 6th July, China Southern Glass issued USD 45 million worth of B-share convertible bonds in Switzerland, which was the first time a Chinese enterprise issued B-share convertible bonds abroad.

p  On 12 July, China Merchants Shekou Port Service B was listed in Singapore, the pfirst overseas secondary listing by a Chinese company.    

p  On 26 October, B-share central clearing system started running, which improved B-share clearing system, increased clearing efficiency and reduced clearing fees and settlement risk. 

p  On 29 November, Northeast Electrical Transmission & Transformation Machinery Manufacturing Co., Ltd. became the first H-share company to float A-shares on SZSE. 

 

1996

p  On 6th January, for the first time, the Ministry of Finance offered T-bond by tender through SZSE’s computer system.

p  On 19 September, SZSE became an affiliate member of IOSCO and a member of the organization’s Consultative Committee.

 

1997

p  From 2nd June, SZSE abolished its trading floor and adopted full electronic trading.

p  On 15 August, the State Council decided to put stock exchanges under the direct administration of the CSRC. According to the decision, presidents and vice presidents of stock exchanges would be appointed by the CSRC and chairmen and vice chairmen would be nominated by the CSRC and elected by the board of directors.

 

1998

p  On 7th April, Fund Kaiyuan, the first standardized securities investment fund, was listed on SZSE.

p  On 16 July, SZSE celebrated its relocation to its current premise.

 

1999

p  On 25 May, the communication system for B-share settlement was put into operation.

p  On 5th July, ST Chongqing Titanium became the first listed stock in Shenzhen market to be suspended from trading.

 

2000

p  On 8th March, Angang New Steel Co., Ltd. became the first listed company to issue convertible bonds.

p  On 17 August, SZSE started preparation for the second board market.

 

2001

p  On 16 July, SZSE OTC market started operation.

p  On 27 July, Shenzhen Securities Communications Center was inaugurated.

 

2002

p  On 19 March, Shanghai Jinzheng Information Investment Consulting Co., Ltd. completed the first block trade of SZSE.

p  On 7th October, SZSE became a member of the World Federation of Exchanges (WFE).

p  On 24 October, the Shanghai Representative Office of Nomura Securities Co., Ltd. was admitted as SZSE’s first overseas special member.

 

2003

p  On 2nd January, SZSE completed construction of the ground communication network, enabling real-time, automatic and active-active back-up of satellite-terrestrial communication network.

p  On 2nd January, SZSE launched enterprise bond repo trading business. Trading fee rates on bonds were cut by an average of 50%.

 

2004

p  On 17 May, with the approval of State Council and CSRC, SME Board was launched in SZSE.

p  On 25 June, the first 8 companies made debut on SME Board.

p  On 2nd August, electronic order routing system was introduced into SZSE’s block trading platform.

p  On 20 December, Southern Active Allocation Fund, China’s first listed open-end fund, was listed on SZSE.

 

2005

p  On 8th April, Shanghai and Shenzhen 300 Index (CSI Index) was officially launched.

p  On 12 September, first 28 companies started share reform, marking the beginning of a fundamental institutional change in China’s capital market.

p  On 23 September, China Securities Index Co., Ltd. a 50-50 joint venture between SSE and SZSE, was established in Shanghai.

p  On 21 November, all the listed companies on the SME Board completed the non-tradable share reform.

p  On 1st December SZSE released the SME Board Index.

p  On 29 December, SZSE block trading system began providing transfer service for the Dongguan-Shenzhen Expressway Toll Usufruct Specific Asset Management Plan. It was the first specific asset management product in Shenzhen.

 

2006

p  On 23 January, Zhongguancun Share Quotation and Transfer System was launched. The first two Zhongguancun-based companies, Century Real Technology and Sinosoft, were quoted on the Share Transfer System.

p  On 5th September, the SME Board ETF (exchange traded fund) was listed.

p  On 31 December, 505 SZSE-listed companies either completed or initiated the process of non-tradable share reform. This meant the non-tradable share reform had largely completed.

 

2007

p  On 8th August, T+3 unfreezing of subscription money was introduced to IPO shares in Shenzhen.

p  On 31 October, SZSE Operation Center Management Co., Ltd. was inaugurated for construction of new office building in CBD of Shenzhen.

 

2008

p  On 28 March, SZSE passed both the BSI’s (British Standards Institution) and ISCCC’s (China Information Security Certification Center）certification on ISO27001 ISMS ( Information Security Management System).

p  On 10 April, Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. completed offline issuance of shares. It was the first company to offer shares through SZSE offline issuance platform.

p  On 15 October, Fullgoal Tianfeng Enhanced Yield Bond Fund, China’s first structured fund, was launched on SZSE.

p  On 8th November, SZSE Software Engineering Process System was awarded Capability Maturity Model Integration (CMMI) Level 3 certification by US Software Engineering Institute (SEI). 

 

2009

p  On 30 October, ChiNext was inaugurated. The first 28 ChiNext issuers were listed.

 

2010

p  On 1st June, ChiNext Index was launched.

p  By 31 December, SZSE had 321 IPOs, ranking the first among stock exchanges in the world for the year.

 

2011

p  On 25 February, SZSE launched Alashan Ecological Foundation.

p  On 30 October, The new SZSE website in Chinese and English went live after comprehensive upgrading.

p  On 12 November, SZSE launched EasyIR, an interactive Investor Relations Platform.

p  On 25 November, SZSE released Implementation Measures for Margin Trading and Securities Lending on SZSE.

p  On 28 November, SZSE released Draft Measures for Improving the ChiNext Market Delisting System and solicited public opinions.

 

2012

p  On 20 April, SZSE released the revised Shenzhen Stock Exchange ChiNext Board Listing Rules.

p  On 28 May, Harvest SSE-SZSE 300 ETF was listed on SZSE as the first cross-market ETF listed in Shenzhen market.

p  On 28 June, SZSE released the Scheme for Improving and Optimizing Delisting System for the Main Board and SME Board.

p  On 7 July, SZSE issued the Shenzhen Stock Exchange Stock Listing Rules (2012 Revision) and revision notes.

p  On 24 July, SZSE launched the national unified service hotline number—400-808-9999.

p  On 27 August, the Shenzhen Stock Exchange Implementation Measures for Securities Lending Transactions in Refinancing (for Trial) was promulgated.

p  On 22 October, China AMC Hong Kong Hang Seng ETF, one of the first cross-border ETF products in China, was listed on SZSE.

p  On 29 November, SZSE released the Shenzhen Stock Exchange Implementation Rules on Bonds Trading (2012 Revision).

p  On 30 November, SZSE released the Shenzhen Stock Exchange Trading Rules (2012 Revision).

p  December 25, Mr. Hu Chunhua, Standing Member of Political Bureau of CPC Central Committee, Secretary of Guangdong Provincial Party Committee, visited SZSE.

 

2013

p  April 9-11, SZSE hosted the 31st General Assembly of the Asian and Oceanian Stock Exchanges Federation (AOSEF) with a focal theme of exploring new dimensions of development.

p  September 18, SZSE signed MoU with Luxembourg Stock Exchange (LuxSE).

p  December 1, SZSE’s official microblog account (@ SZSE) was launched on people.com, xinhuanet.com, sina.com and tencent.com, and its official WeChat account "SZSE" was also launched.

 

2014

p  March 17, SZSE released an interactive mobile phone App called “Easy IR”, offering a new way for investors to interact with listed companies whenever and wherever.

p  October 20, SZSE launched the first group of exchange-traded money market funds.

p  October 30, the “Technological SME Growth Road Map Plan 2.0”was jointly launched by the Torch High Technology Industry Development Center under the Ministry of Science and Technology, Shenzhen Stock Exchange, the National Equities Exchange and Quotations (NEEQ) and China Merchants Bank.

 

2015

p  February 12, SZSE issued the revised Guidelines on Regulated Operation of Listed Companies for the Main Board, SME Board and ChiNext.

p  May 19, SZSE signed MoU with Euronext N.V.

 

2016

p  January 5, SZSE released the revised Guidelines of Shenzhen Stock Exchange on Members’ On-going Management of Investor Suitability on the ChiNext.

p  January 8, the Mutual Recognition of Funds (MRF) between Hong Kong and the Mainland was launched in Shenzhen.

p  December 5, Shenzhen-Hong Kong Stock Connect scheme was launched in Shenzhen and Hong Kong.

 

2017

p  January 20, SSE, SZSE, CFFEX, Pak China Investment Company Limited and Habib Bank Limited as a consortium signed a share purchase agreement with the Pakistan Stock Exchange in Karachi to purchase a 40% stake from the latter.

p  April 21, SZSE signed a MoU with the Bombay Stock Exchange.

p  October 16, SZSE and TMX Group Limited signed a MOU to establish a service mechanism for technological and innovative companies in the two countries.

p  December 12, SZSE signed a MOU with Lao Securities Exchange (LSX).

p  December 16, SZSE and London Stock Exchange Group (LSEG) held the “Symposium on China-UK Innovation Capital” in Beijing and launched ELITE V-Next Alliance.

 

2018

p  April 20, SZSE and China Securities Depository & Clearing Corporation Limited (CSDC) jointly released Detailed Implementing Rules on the Pilot Project of Full-circulation of H Shares (Trial), effective from the same day.

p  May 14, the Chinese consortium led by SZSE and also including SSE signed the share purchase agreement with Dhaka Stock Exchange (DSE) in Dhaka, Bangladesh. Wang Jianjun, president and CEO of SZSE, Pan Xuexian, Chairman of the Supervisory Board of SSE, and Rahman, CEO of DSE, attended the signing ceremony.

p  May 31, SZSE, SSE and MSCI jointly held the launch ceremony of A-shares‘ inclusion in MSCI index in Shanghai.

p  July 31, SZSE released "IPO Express" App.

p  September 21, SZSE and SSE jointly held the 2018 International Seminar on Front-line Regulation by Stock Exchanges in Shenzhen.

p  October 11, SZSE signed a MoU with Warsaw Stock Exchange (WSE).

p  October 15, SZSE signed a MoU with Moscow Exchange (MOEX).

 

2019

p  May 29, Guangdong province issued the 2019 first local government special bond for the construction of the Guangdong-Hong Kong-Macao Greater Bay Area.

p  September 5, SZSE signed a MoU with Budapest Stock Exchange (BSE).

p  October 10, president & CEO of SZSE Wang Jianjun attended the 59th General Assembly & Annual Meeting of World Federation of Exchanges (WFE) in Singapore and delivered closing remarks as the host of the 60th General Assembly & Annual Meeting.

p  October 10, SZSE signed a MoU with the Swiss Stock Exchange (SWX).

p  October 17, SZSE and Asian Development Bank (ADB) jointly held the 32nd ASEAN+3 Bond Market Forum (ABMF).

p  October 28, SZSE issued the Measures of Shenzhen Stock Exchange for the Implementation of Shenzhen-Hong Kong Stock Connect Program (2019 Revision), clarifying the inclusion of the shares listed on the Stock Exchange of Hong Kong Limited (SEHK) with different voting structure in the Hong Kong Connect under Shenzhen-Hong Kong Stock Connect.

p  November 25-26, SZSE held the first International Seminar on Capital Market for SMEs. Officers of stock exchanges and regulators from eight countries including Abu Dhabi, Cambodia, Thailand, Malaysia, Indonesia, Philippines, Bangladesh and Pakistan attended the meeting.

p  November 26, SZSE and PSX signed a technology export agreement on the upgrading project of PSX trading and surveillance systems.

p  December 30, CNI Dhaka Selected Index, SZSE’s first cross-border joint index and cross-border co-branding index, was released in Dhaka, Bangladesh.

p  December 31, SZSE and CSDC jointly released Detailed Implementing Rules on Full-circulation of H Shares.

 

2020

p  March 5, SZSE and overseas institutions jointly held the first online roadshow for overseas investors to strengthen the opening up and communication of the capital market during the outbreak of COVID-19.

p  March 15, SZSE launched the 2020 “Investor Service Season” activities with the theme of “Working Together to Fight the Epidemic and Overcoming the Difficulties through Rational Investment”.

p  April 15, SZSE signed a MoU with Bursa Malaysia (BM) (via video link). 

p  April 21-28, SZSE and NASDAQ jointly held remote training on listed companies and trading supervision (via video link). 

p  April 24, SZSE and Bursa Malaysia, together with Guangxi government’s Department of Industry and Information Technology and Bureau of Financial Supervision, jointly held the Webinar on China- Malaysia Electronic Industry to promote China-ASEAN capital market cooperation.

p  April 27, SZSE issued the Measures of Shenzhen Stock Exchange for the Implementation of Suitability Management of ChiNext Investor (2020 Revision).

p  June 12, SZSE issued eight sets of rules regarding the reform of ChiNext and the pilot registration-based IPO system, including the Rules of Shenzhen Stock Exchange on the Review of Offerings and Listings of Shares on the ChiNext, the Rules of Shenzhen Stock Exchange on the Review of Offerings and Listings of Securities Issued by Listed Companies on the ChiNext, the Rules of Shenzhen Stock Exchange on the Review of Material Asset Restructurings of Listed Companies on the ChiNext, the Measures of Shenzhen Stock Exchange for the Administration of the Listing Committee of ChiNext, the Working Rules of Industry Consulting Expert Database of Shenzhen Stock Exchange, the Rules Governing the Listing of Shares on the ChiNext Market of Shenzhen Stock Exchange (2020 Revision), the Special Regulations on Trading on the ChiNext Market of Shenzhen Stock Exchange and the Special Regulations on Securities Leading in Refinancing and on Securities Refinancing, and eighteen supporting implementation rules, guidelines and notices, including the Interim Stipulations of Shenzhen Stock Exchange on the Application and Recommendation of Listing Candidates for ChiNext, the Detailed Implementing Rules of Shenzhen Stock Exchange on the Offering and Underwriting of IPO Securities on ChiNext, the Detailed Implementing Rules of Shenzhen Stock Exchange on the Offering and Underwriting of Securities Issued by Listed Companies on ChiNext, the Detailed Implementing Rules of Shenzhen Stock Exchange on Real-time Monitoring of Abnormal Trading of Shares on ChiNext (Trial), the Guidelines of Shenzhen Stock Exchange on Regulated Operation of Listed Companies on ChiNext (2020 Revision), the Notice of Shenzhen Stock Exchange on Transitional Arrangement of Review Work relating to the Pilot Registration-based IPO System on ChiNext, the Q &A on the Review of Offerings and Listings of IPO Shares on ChiNext of Shenzhen Stock Exchange, and the Q &A on the Review of Offerings and Listings of Securities Issued by Listed Companies on ChiNext of Shenzhen Stock Exchange.

p  August 24, SZSE held the listing ceremony of the first group of 18 enterprises under the reform of the ChiNext and the pilot registration-based IPO system. Liu He, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, gave a written address. Li Xi, Secretary of the Guangdong Provincial Committee of the CPC, and Yi Huiman, Chairman of the CSRC, delivered speeches and jointly rang the opening bell for the 18 enterprises. Ma Xingrui, Governor of Guangdong Province, attended and witnessed the signing of the securities listing agreement and the securities registration agreement. Wang Weizhong, Shenzhen Municipal Party Committee Secretary, and Wang Jianjun, SZSE Chairman, delivered remarks respectively. 

p  October 23, Shenzhen-Hong Kong ETF Connect was launched.